Arkansas

State in United States

2019
Economic
Complexity
: 0.16, Rank 38 of 53

Jan 2021
Trade
Exports | Imports
: $375M | $761M, 41 of 54 | 38 of 54

Jan 2021
Country
Destination | Origin
: Canada | China , $93.5M  | $261M

Jan 2021
Product
Exports | Imports
: Rice | Planes, Helicopters, and/or Spacecraft , $32.3M  | $91.3M

Overview: This page contains the latest international trade data for Arkansas, including export and import data.

Exports: In 2020, United States' Arkansas exported $5.19B, making it the 38th largest exporter out of the 53 exporters in United States. In 2020 the top exports of Arkansas were Aircraft parts nes ($1.02B), Rice, semi-milled or wholly milled ($216M), Chem wood pulp, soda or sulphate,... ($202M), Birds' eggs, in shell: fresh, fertilised... ($170M), and Meat and edible offal: of fowls... ($156M).

Imports: In 2020, United States' Arkansas imported $8.64B, making it the 38th largest importer out of the 53 importers in United States. In 2020 top imports of Arkansas were Fixed wing aircraft, unladen weight >... ($432M), Fixed wing aircraft, unladen weight 2,000-15,000... ($345M), Commodities not specified according to kind ($303M), Automatic data processing machines: portable, weighing... ($246M), and Tricycles, scooters, pedal cars and similar... ($244M).

Economic Complexity: In 2019, the highest complexity exports of Arkansas according to the product complexity index (PCI) are Tool Plates (1.96), Cermets (1.87), Metalworking Machines (1.82), Transmissions (1.59), and Other Organo-Inorganic Compounds (1.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
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This section shows the differences between Arkansas's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit United States's country profile.

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Yearly Exports

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Top Destination (2020): Canada, $1.15B

Top Product (2020): Aircraft parts nes, $1.02B

In 2020 the top export destinations of Arkansas were Canada ($1.15B), Mexico ($712M), France ($673M), China ($278M), and Netherlands ($235M).

In 2020 the top exports of Arkansas were Aircraft parts nes ($1.02B), Rice, semi-milled or wholly milled ($216M), Chem wood pulp, soda or sulphate,... ($202M), Birds' eggs, in shell: fresh, fertilised... ($170M), and Meat and edible offal: of fowls... ($156M).

Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Depth

Top Origin (2020): China, $3.16B

Top Import (2020): Fixed wing aircraft, unladen weight >..., $432M

In 2020 the top import origins of Arkansas were China ($3.16B), France ($821M), Mexico ($777M), Canada ($757M), and Vietnam ($497M).

In 2020 the top imports of Arkansas were Fixed wing aircraft, unladen weight >... ($432M), Fixed wing aircraft, unladen weight 2,000-15,000... ($345M), Commodities not specified according to kind ($303M), Automatic data processing machines: portable, weighing... ($246M), and Tricycles, scooters, pedal cars and similar... ($244M).

Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of United States

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Arkansas ranks 38th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Arkansas already has a comparative advantage, are led by Fermented Milk Products (0.16), Compounded Unvulcanised Rubber (0.16), Excavation Machinery (0.16), Scrap Iron (0.16), and Antifreeze (0.16).

Most Complex Products by PCI

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The highest complexity exports of Arkansas according to the product complexity index (PCI) are Tool Plates (1.96), Cermets (1.87), Metalworking Machines (1.82), Transmissions (1.59), and Other Organo-Inorganic Compounds (1.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Railway Freight Cars (215), Eggs (128), Phenol Derivatives (93.2), Rubber Sheets (52.8), and Postcards (45.4).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Arkansas is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Arkansas. These are products that tend to be co-exported with the products that Arkansas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.